Mortuary Equipment Market Analysis, Share and Size, Emerging Trends, Overview and Outlook, Growth And Segment Forecasts To 2020 Technavio Announces the Publication of its Research Report Global Mortuary Equipment Market 20162020 Technavio recognizes the following companies as the key players in the global mortuary equipment market: KUGEL Medical, LEEC, Mopec, Mortech Manufacturing, and Thermo Fisher Scientific. Other Prominent Vendors in the market are: Barber Medical, CEABIS, EIHF-ISOFROID, FernoWashington, Fiocchetti, Flexmort, Funeralia, Hygeco, Thalheimer, and UFSK International. Browse full report with TOC@ https://marketreportscenter.com/reports/368519/global-mortuaryequipment-market-2016-2020 Commenting on the report, an analyst from Technavio’ s team said: “Revenue potential in APAC will be a key trend for market growth. With the number of research centers and laboratories expected to be set up in the medical and pharmaceutical fields in this region, the potential for growth in the market is exceptional. With the growth of end-users in China, India, and Australia, APAC is expected to grow into the largest market for mortuary refrigerators and other mortuary equipment. The rising investment in healthcare facilities in these countries will lead to a rise in the demand for mortuary equipment during the forecast period. With more hospitals being set up in these regions, the need for morgue facilities will also rise. With a significantly larger population in APAC compared to Europe and the Americas, the market potential for mortuary equipment in this region is massive, leading to several manufacturers looking to invest in this region.” According to the report, commercialization of mortuary products will be a key driver for market growth. The growing demand for cadavers in recent years has led to the commercialization of mortuary equipment. Legal proceedings and forensic procedures have resulted in many manufacturers introducing equipment and tools that are specific to mortuaries, whether for storage, transportation, or autopsy of corpses. The rising number of road accidents and work-related accidents led to the need for better body transportation and handling of bodies. This has led manufacturers to design novel and innovative products, which has created a competitive market environment for mortuary equipment. Further, the report states that high cost of equipment will be a challenge for the market. Mortuary refrigeration equipment is the most expensive product segment of mortuary equipment and can cost between $3,500 and $20,000. The relatively high initial cost of purchase for this equipment is one of the factors that is expected to hinder the growth of the market. In addition to the cost of purchase, these refrigerators require regular maintenance and services, unlike other mortuary equipment, which adds on to the total cost of ownership (TCO). The high energy consumption of these refrigerators and freezers also adds to the TCO. Storing bodies in mortuary rooms can be a costly affair, especially when it comes to long-term storage of unclaimed bodies. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/368519 About Mortuary Equipment Mortuary equipment is used in hospitals and elsewhere for the storage, movement, identification, autopsy, and disposal of human corpses. Mortuary equipment includes a wide range of products, from autopsy tables and cadaver lifts to large freezers and mortuary refrigeration solutions. Technavio’ s analysts forecast the global mortuary equipment market to grow at a CAGR of 5.19% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global mortuary equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of different product segments of mortuary equipment through various sales channels at retail prices. The market is divided into the following segments based on geography: Americas APAC Europe MEA Technavio's report, Global Mortuary Equipment Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To Get Discount On The Report @ https://marketreportscenter.com/request-discount/368519 Connect for more details: Sam Collins Market Reports Center 1-646-883-3044 (US) [email protected]
According to the report, commercialization of mortuary products will be a key driver for market growth. The growing demand for cadavers in recent years has led to the commercialization of mortuary equipment.
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